Corporate Governance

SUSTAINABILITY PLAN

The Sustainability Plan sets out our sustainability vision, commitments and targets, and demonstrates how we will grow our group businesses while building a more sustainability future.

Role of the Board

Discuss and approve the Company’s sustainability strategy.
View sustainability as part of the Board’s duty of providing oversight and managing strategic, social, ethical and environmental risks for better decision-making.
Develop Sustainability Terms of Reference for the Board where appropriate.
Delegate responsibility for social and environmental oversight to the Board Committees/specific director where appropriate.
Include sustainability as part of the Board agenda with the Board making decisions about the Company’s sustainability position and direction.
Approve budget for sustainability initiatives and commitments from time to time.
Review and sign-off on materiality of sustainability issues, if any.
Oversee management of material sustainability issues, if any, through robust process and control.
Seek regular update and measures on management of sustainability issues, if any.
Ensure alignment on purpose of stakeholder engagement and readiness to manage risks and issues raised.
Lead specific stakeholder engagements to gather feedback and ideas. Board can have innovative conversations that can help expand their views.
Monitor output of stakeholder engagements and make decisions to improve the Company’s sustainability position and direction.
Ensure management considers investor and other stakeholder needs to strike a balance between shareholder value and non-financial performance.
Review performance of key sustainability initiatives (including external comparisons) and recommend improvements.
Cascade understanding that sustainability brings long-term value to the Company.
Encourage transparent reporting and assurance to increase credibility.
Discuss results of assurance with assurance providers and management and oversee the required key improvements.
Assess relevance of report in attracting institutional investors and socially responsible investors.

Sustainability Cycle

The Board and Management will implement the following steps:

Agree sustainability focus areas.
Establish annual resource needs.
Formalise responsibilities and reporting structure.
Set evaluation criteria.
Use relevant measures to monitor progress of sustainability initiatives.
Develop guidelines and templates for sustainability reporting.
Develop a stakeholder engagement plan.

Sustainability Focus Area and Proposed Action

Focus Area	Proposed Actions
Environment	Develop low carbon, sustainable packaging by using renewable or reusable materials. Promote recycling of used papers and waste reduction.
Workplace	Develop assessment and incentive systems that can attract and retain the suitably talented people. Provide a safe, healthy and conducive working environment aimed to achieve zero-accident. Encourage employees involvement in the innovation and creative processes. Respect for human rights.
Community	Support charitable activities through participation in donations, sponsorships and various community events.
Marketplace	Ensure the Group’s products meet the quality and safety standards in line with the customers’ expectations.

The sustainability plan was approved by the Board of Directors on 4 January 2013 and may be amended at the discretion of the Board of Directors.